Singapore economy

Consumer prices fell more for Singapore households at the bottom in H2 2020

IN the second half of 2020, consumer prices fell more for the bottom fifth of households by income, according to a Department of Statistics (Singstat) statement on Monday.

Singapore core consumer prices fall further in December, but headline inflation flat

SINGAPORE saw core consumer prices fall further in December, even as the headline measure moved out of deflation, according to Department of Statistics (Singstat) consumer price index (CPI)...

Singapore's 2020 trade growth expected to carry through this year, say analysts

ANALYSTS are pencilling in a solid economic recovery for Singapore and the region, after non-oil domestic exports (NODX) surged in December.

Singapore non-oil exports grow 6.8% in December as gold regains its lustre

SINGAPORE'S key exports capped the year with a surprise increase in December that broke a two-month losing streak, on the back of non-electronics growth.

Port of Singapore container throughput dips 0.9% in 2020

SHIPPING containers with a volume of 36.9 million twenty-foot equivalent units (TEUs) passed through the Port of Singapore in 2020, down by 0.9 per cent from the figure for the year before.

Malaysia's latest curbs to have limited impact on Singapore: economists

SINGAPORE may not be too greatly affected by Malaysia's state of emergency and its reintroduced Movement Control Order (MCO) curbs amid the Covid-19 pandemic, with the most significant impact...

Economists look to growth in Singapore retail sales by Q1 2021

SINGAPORE'S retail sales could return to positive growth as early as the first quarter of this year, said economists encouraged by the slowing decline seen in November's data.

Singapore retail sales decline eases to 1.9% in Nov, boosted by mega sales like Singles' Day

THE decline in Singapore's retail sales eased in November, falling 1.9 per cent year on year, due mainly to multiple mega sales events held during the month, according to the Department of...

Economists maintain outlook despite better-than-expected 2020 GDP data

IT'S the worst recession on record, but Singapore's 2020 economic contraction has turned out to be slightly milder than expected at 5.8 per cent year on year - just a notch lower than the official...

Singapore PMI still rising, but factory growth momentum expected to ease in 2021

SINGAPORE'S factory sector continued its growth in December, as sentiment picked up on the month before, a survey on Monday showed.

EY's wish list for Budget 2021 includes boosting funding for training, hiring

FUNDING for training, hiring and other staff issues could be boosted with some policy tweaks, according to Budget 2021 proposals from one professional services firm.